Titagarh Rail Systems Unveils ₹28,000 Crore Strategic Growth Plan; Targets Leadership in Passenger Rolling Stock by FY28

Titagarh Rail Systems Limited (TRSL) has released its **Strategic Plan and Outlook** presentation under **Regulation 30 of SEBI (LODR) Regulations, 2015**, outlining an ambitious roadmap to strengthen its position across freight, passenger, and defence rail systems. As of Q2 FY26, TRSL’s **consolidated order book stood at ₹28,377 crore**, including joint ventures. The company’s **Passenger Rail Systems (PRS)** now contributes about **73% of the total order book**, driven by metro and Vande Bharat projects, while the **Freight Rail Systems (FRS)** segment accounts for nearly 24%. Under its “**Tectonic Shift**” vision for FY28, TRSL aims to become a **leader in passenger rolling stock manufacturing** while sustaining its market share of 23–25% in freight wagons. Production of **metro coaches is projected to rise from 12 in FY25 to 275–300 by FY28**, backed by key metro contracts in Mumbai, Pune, Surat, and Ahmedabad. Additionally, the **JV with BHEL** will undertake **35-year AMC contracts for 80 Vande Bharat trains worth ₹14,000 crore**, while the **forged wheel JV with Ramkrishna Forgings (RKTR)** is scheduled to begin commercial production by **FY27**. The company is also scaling its presence in **shipbuilding, defence, and propulsion systems**. TRSL’s strategic plan emphasizes **technology, sustainability, and ESG integration**, with a focus on renewable energy, waste utilization, and skill development to drive long-term growth and operational excellence.